Employee Insurance
Individual Health Insurance
If your employer does not provide health coverage through a group health insurance plan, then buying an individual health insurance plan becomes a necessity for you.
A health plan takes on the burden of financial expenditure that you would incur in case you become ill or require hospitalization. Given the exorbitant medical costs today, buying an individual health plan is a smart option that you must consider.
Why should you consider an individual health insurance plan?
Statistics show that approximately half of all bankruptcies are the result of unforeseen illnesses and medical expenditures.
Your good health is what allows you to work and enjoy life. If you become sick, you may not only incur loss of wages due to your inability to work, but will also have to deal with mounting medical bills.
The problem becomes more aggravated if you are the sole breadwinner in your family. A good health insurance plan substantially reduces or completely takes away the burden of paying medical bills when you fall sick.
Common misconceptions about individual health insurance
These are the two most common misconceptions about individual health insurance which may prove costly in the long run:
1. I’m young and healthy, I eat a balanced diet, exercise regularly, and thus do not require a health insurance, at least not right now.
Illnesses do not always come with a prior warning. If you believe that you do not require any health insurance just because you are young and healthy, you are taking a huge gamble with your financial future.
2. I’ll buy a health insurance plan when I get sick.
Again, this line of thinking may put your financial future in jeopardy. Once you are ill, you may or may not be eligible for individual health insurance. If you become ineligible, you will have to pay all the medical bills on your own.
How to choose the best individual health insurance plan
Just because you are not covered under a group insurance plan and need to purchase an individual health insurance plan, it does not mean you need to do it all alone. Through our agency partnerships, Advantage SBS will help you locate the most beneficial health insurance plan – one that meets your individual needs.
Get in touch with our experts to understand your health insurance needs better, and what individual health insurance plan is best suited for you.
To learn more about Individual Health Insurance available through Advantage SBS or to speak with a representative, contact us today at (888) 762-2075 or complete our quote request form here.
